Investment Summary

PrivateBancorp Exits The PrivateBank Mortgage Company

On January 1, 2011, invested in financial services company The PrivateBank Mortgage Company from PrivateBancorp

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.

Investment Summary

Date 2011-01-01
Target The PrivateBank Mortgage Company
Sector Financial Services
Sellers(s) PrivateBancorp
Deal Type Bankruptcy

Target

The PrivateBank Mortgage Company

Chicago, Illinois, United States
The PrivateBank Mortgage Company LLC is a mortgage banker.

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Seller(S) 1

SELLER

PrivateBancorp

Chicago, Illinois, United States

Category Company
Founded 1989
Sector Financial Services
Employees1,224
Revenue 646M USD (2016)
DESCRIPTION

PrivateBancorp, Inc. is a provider of personalized financial services primarily to affluent individuals, professionals, owners of closely-held businesses and commercial real estate investors. PrivateBancorp, Inc., through its subsidiary The PrivateBank, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. The Company has 34 offices in 12 states and, as of March 31, 2016, had US$17.7 billion in assets.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-14 Bloomfield Hills Bancorp

Bloomfield Hills, Michigan, United States

Bloomfield Hills Bancorp. Inc. and its bank subsidiary, The Private Bank, were established in 1989, and had $338 million of total assets and $20 million of equity as of March 31, 2005. The company provides highly personalized client service with an emphasis on meeting the unique financial needs of successful individuals.

Buy $64M